REGISTERED NUMBER: 10020207 (England and Wales)

Clockwork Media SA UK Limited

Unaudited Financial Statements

for the Year Ended 28 February 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

T Manners

N M Simmonds

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

10020207 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

2,606

3,978

Current assets

Stocks

5

13,417

-

Debtors

6

361,398

394,440

Cash at bank

613,692

635,737

988,507

1,030,177

Creditors

Amounts falling due within one year

7

764,249

584,555

Net current assets

224,258

445,622

Total assets less current liabilities

226,864

449,600

Capital and reserves

Called up share capital

8

100

100

Retained earnings

226,764

449,500

Shareholders' funds

226,864

449,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

T Manners - Director

N M Simmonds - Director

1.	Statutory information

Clockwork Media SA UK Limited ("the company") is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

At the Balance Sheet date the company had a positive cash balance and strong net asset position. This, combined with the financial forecasts prepared by the Directors, shows that the company will be able to operate within the facilities available to it for a period of at least 12 months from the date of signing these financial statements.

On that basis, the Directors have prepared these financial statements on a going concern basis.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover to provide services are recognised in the period in which the services are provided in accordance with the stage of completion when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the service at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the service can be measured reliably.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives.

The estimated useful lives range as follows:

Computer equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount and recognised in the Income Statement.

Stocks

Work in progress includes labour and attributable overheads.

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, creditors and loans with related parties.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised costs.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the Balance Sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income StatementStatement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the Balance Sheetbalance sheet date.

Operating leases

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to defined contribution pension plans for its employees. A defined contribution pension plan is a plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

3.	Employees and directors

The average number of employees during the year was 6 (2024 - 8 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 March 2024

9,922

Additions

990

At 28 February 2025

10,912

Depreciation

At 1 March 2024

5,944

Charge for year

2,362

At 28 February 2025

8,306

Net book value

At 28 February 2025

2,606

At 29 February 2024

3,978

5.

Stocks

2025

2024

£

£

Work-in-progress

13,417

-

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

361,302

365,984

Other debtors

96

28,456

361,398

394,440

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

2,149

20,714

Taxation and social security

389,355

397,251

Other creditors

372,745

166,590

764,249

584,555

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	Pension commitments

The company contributes to defined contribution pension schemes. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the schemes and amounted to £7,553 (2024: £8,787). Contributions totalling £1,567 (2024: £1,500) were payable to the fund at the Balance Sheet date and are included in other creditors.

10.	Related party disclosures

During the year, the company made purchases of £1,199,014 (2024: £1,186,264) from a company in which the director has an interest. At the year-end £349,907 (2024: £123,826) was owed to this company.